220 NW Spring Street, Waldport, OR 97394 (MLS# 26-619)

220 NW Spring Street, Waldport, OR 97394

$895,000

Property Type: Residential Income Bedrooms: 3 Baths: 5 Square Footage: 3,116 Lot Size (sq. ft.): 10,019 Status: Active

Current Price: $895,000 List Date: 3/16/2026 Last Modified: 3/16/2026

Overview

Description

Residential & Commercial with Expansion Potential. Exceptional investment opportunity! This well-maintained apartment building features: 3 residential units with great natural light and rental history; 2 commercial office spaces perfect for small businesses or remote professionals; Laundry room for tenant convenience; Garage for storage or workshop use. Zoned for expansion - add up to 4 more residential units Ideal for investors seeking stable income and future growth, or owner-occupants looking to live and work in one dynamic space. Within the city limits of Waldport. Don't miss this rare opportunity to own a versatile property in a high Prime Location. Close to beach & shopping. Please do not disturb tenants. Listing Agent is one of the owners

Listing Details MLS# 26-619

Listing Information

Listing Association Name: Lincoln County BOR
Property Sub Type: Quadruplex

Status Change Information

Status Change Timestamp: 2026-03-16

Address

Street Number: 220
Street Direction Prefix: NW
Street Name: Spring
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97394
Directions: Highway 101 to Waldport, at the light turn East. North on Spring. Corner of Spring & Alder
Cross Street: Alder
Parcel Number: 131119AC-1700
Within City Limits?: Yes

Contract

Begin Date: 2026-03-16
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Permissible for Vacation Rental: Yes

Tax Legal

Subdivision Name: Ruble's to Waldport
School District: Lincoln County School District
Tax Annual Amount: 4350
Tax Year: 2025
Zoning: D-D Downtown District (Waldport)
Tax Block: 32
Tax Lot: 1700
Tax Map Number: 131119AC

AssociationCommunity

Number Of Buildings: Yes
Number of Units: 5

More Information

Interior

Bedrooms Total: 3
Bathrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: 2
Above Grade Finished Area: 1558
Below Grade Finished Area: 1558
Living Area: 3116
Main Floor Living: No
Basement YN: No
Fireplace YN: No

Parking Information

Parking Total: 14

Building

Year Built: 2003
Year Built Source: Assessor
Year Built Effective: 2003
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 0.23
Lot Size Square Feet: 10018.8
Lot Size Dimensions: 100x100
Water Body Access YN: No

Building and Property Details

Washer/Dryer Type: Electric

Income and Expenses

Gross Income: 65040
Gross Scheduled Income: 65040
Insurance Expense: 2871
Maintenance Expense: 1200
Operating Expense: 4236.38
Total Actual Rent: 65040

Meter Information

Number Of Separate Electric Meters: 5

Pet Information

Pets Allowed YN: No

Showing Information

Keep Pets: Other - See Comments

Unit Details

Number Of Units Leased: 5

Unit Five

Unit Number: B- office space
Occupied: Yes
Living Area: 700
Furnished: Unfurnished
Walls: Paint
Parking Spaces: 3
Unit Description: office space
Actual Rent: 675

Unit Four

Unit Number: A - office space
Occupied: Yes
Living Area: 700
Furnished: Unfurnished
Walls: Paint
Parking Spaces: 3
Unit Description: Large office space
Actual Rent: 1150

Unit One

Unit Number: Larger unit
Occupied: Yes
Living Area: 557
Furnished: Unfurnished
Walls: Paint
Parking Spaces: 2
Actual Rent: 1385

Unit Three

Unit Number: 3
Occupied: Yes
Living Area: 420
Furnished: Unfurnished
Walls: Paint
Parking Spaces: 2
Actual Rent: 975

Unit Two

Unit Number: 2
Occupied: Yes
Living Area: 446.5
Furnished: Unfurnished
Walls: Paint
Parking Spaces: 2
Actual Rent: 1285

Additional Tax and Location Information

Highway 101: East Side
Property Tax ID #: R429258
Subdivision Block: 32
Subdivision Parcel/Lot: 3
Subdivision Phase/Addition: 2
Tax District: 301

Currently Not Used

Accessory Dwelling Unit YN: Yes

Tax & Legal

CC&R's: No

Association/Community

Senior Community YN: No

Utilities

Electricity Connected: Yes
Natural Gas Not Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Appliances

Dryer: Yes
Electric Oven: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Water Heater: Yes

Architectural Style

Contemporary: Yes

Community Features

Sidewalks: Yes
Street Lights: Yes

Construction Materials

Cedar: Yes
Shake Siding: Yes
Shingle Siding: Yes

Cooling

Ceiling Fan(s): Yes

Fencing

Chain Link: Yes
Privacy: Yes

Flooring

Vinyl: Yes
Other: Yes

Foundation Details

Slab: Yes

Heating

Electric: Yes

Laundry Features

Common Area: Yes
Electric Dryer Hookup: Yes

Levels

Two: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Other Structures

Shed(s): Yes

Parking Features

Additional Parking: Yes
Off Street: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

County Road: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Sewer

Public Sewer: Yes

Showing Considerations

Occupied: Yes
Pet(s) on Premises: Yes

Special Listing Conditions

Standard: Yes

View

Bridge(s): Yes

Water Body Type

Ocean: Yes

Water Body View

Yes: Yes

Water Heater

Electric: Yes

Water Source

Public: Yes

Window Features

Double Pane Windows: Yes
Vinyl Frames: Yes

Owner Pays

Common Area Maintenance: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Internet: Yes

Unit One Features

Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit Three Features

Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit Two Features

Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Documents

Flood Zone: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Not Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Not Available; Sewer Connected; Water Connected Appliances: Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer; Water Heater Architectural Style: Contemporary Community Features: Sidewalks; Street Lights Construction Materials: Cedar; Shake Siding; Shingle Siding Cooling: Ceiling Fan(s) Fencing: Chain Link; Privacy Flooring: Vinyl; Other Foundation Details: Slab Heating: Electric Laundry Features: Common Area; Electric Dryer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level Other Structures: Shed(s) Owner Pays: Common Area Maintenance; Sewer; Trash Collection; Water Parking Features: Additional Parking; Off Street Possession: Close Of Escrow Road Frontage Type: County Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Internet Unit One Features: Microwave; Range/Oven; Refrigerator Unit Three Features: Microwave; Range/Oven; Refrigerator Unit Two Features: Microwave; Range/Oven; Refrigerator View: Bridge(s) Water Body Type: Ocean Water Body View: Yes Water Heater: Electric Water Source: Public Window Features: Double Pane Windows; Vinyl Frames Showing Considerations: Occupied; Pet(s) on Premises Showing Requirements: Appointment Only; Call Listing Agent Documents: Flood Zone

Listing Office: Emerald Coast Realty - Seal Rock

Office Email: pammugleston@gmail.com

Last Updated: March - 16 - 2026

Information deemed reliable but not guaranteed.